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    Volkswagen
    Automotive

    Volkswagen

    Germany flagGermany
    Founded May 28, 1937 Wolfsburg, Germany CEO: Thomas Schäfer
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    About

    Volkswagen AG, better known as VW, is a German automaker headquartered in Wolfsburg, Lower Saxony. Founded on May 28, 1937 by the German Labour Front, the company was originally called Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH (Gezuvor). The goal was to build an affordable people's car, and Ferdinand Porsche's firm designed the original Beetle. After World War II, British Army officer Ivan Hirst revived the factory and restarted production, a turning point that saved the company.

    Over the decades, Volkswagen grew into a global powerhouse. It acquired Auto Union in 1965 (later Audi), then NSU in 1969, and expanded by buying SEAT in the 1980s and Škoda in the early 1990s. Today, Volkswagen is the flagship brand of the Volkswagen Group, which also owns Audi, Porsche, Bentley, and Lamborghini. The company has 111 production facilities across 27 countries and employs hundreds of thousands of people worldwide.

    Volkswagen's most famous model is the Beetle, a car that became a cultural icon. Other key models include the Golf, Jetta, Passat, and Tiguan. The name Volkswagen comes from the German words Volk (people) and Wagen (car), literally meaning people's car. In 2015, the company faced the Dieselgate emissions scandal, where defeat devices were installed in diesel vehicles to cheat emissions tests, affecting about 11 million cars worldwide. Despite this, Volkswagen remains one of the world's largest automakers, ranking second in global sales in 2024 and leading the European market for over two decades.

    Products & Sub-brands

    BeetleGolfJettaPassatTiguanID.4ID.3ID. Buzz

    Frequently Asked Questions

    Who owns Volkswagen?
    Volkswagen AG is a publicly traded company whose majority shareholder is Porsche SE. Porsche SE is half-owned but fully controlled by the Austrian-German Porsche-Piëch family. Volkswagen shares trade on the Frankfurt Stock Exchange under the symbols VOW and VOW3.
    Who is the CEO of Volkswagen?
    The CEO of the Volkswagen brand is Thomas Schäfer. At the Volkswagen Group level, Oliver Blume serves as Chairman of the Board of Management, and Hans Dieter Pötsch is Chairman of the Supervisory Board.
    How much is Volkswagen worth?
    As of 2025, Volkswagen's market capitalization was roughly $58.9 billion. The Volkswagen Group was the largest car manufacturer in the world by revenue in 2024 and ranked 11th on the Fortune Global 500.
    Volkswagen vs Toyota: which is better?
    Volkswagen was the world's second-largest automaker by sales in 2024, while Toyota held the top spot. Volkswagen dominates the European market with the largest share for over two decades, while Toyota leads globally, especially in Asia and North America. Which is better depends on factors like regional preference, model lineup, and reliability ratings.
    Is Volkswagen still in business?
    Yes, Volkswagen is very much active. In 2024, it produced 9.03 million vehicles, was the second-largest automaker by sales, and was the largest company in the European Union by revenue. It operates 111 production facilities in 27 countries and continues to invest in electric and autonomous vehicles.

    Keywords

    VolkswagenVWBeetleGolfGerman carsautomotiveDieselgatepeople's car

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    Company Info

    Founded
    May 28, 1937
    Founder
    German Labour Front
    CEO
    Thomas Schäfer
    Headquarters
    Wolfsburg, Germany
    Industry
    Automotive
    Parent Company
    Volkswagen Group

    Official Website

    www.vw.com/en.html

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